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Edward S. Lampert

Sears to close doors of Chicago flagship outlet in April

Sears Holdings Corp will be halting the operations of its flagship store in Chicago in April in a bid to bring down the number of its outlets and rely more on online retail, Reuters reported.

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India-based online baby store FirstCry scores $15M in Series C round

India-based online baby and kids store scored $15 million in a Series C funding round led by Vertex Venture Management to expand its online, offline, and mobile presence.

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London Stock Exchange

As IPO market recovers, more retailers set to list in London- report

With a recovery in the IPO market propelling private equity backers to exit their investments, lenders are readying to list more UK retailers on the London bourse, the Financial Times reported.

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Lovable Lingerie Ltd

Singapore's Nalanda Capital ups stake in Indian firm Lovable Lingerie

Singapore-based private equity firm Nalanda Capital has increased its holding in Mumbai, India-based underwear manufacturer Lovable Lingerie Ltd to 8.79% in a deal valued at $3.25 million.

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Fantastic Sams Hair Salons

NewStyle Salons adds seven Fantastic Sams in Fox Valley

Wisconsin-based firm Salon Management Enterprises has acquired Fantastic Sams' seven hair grooming outlets in the Fox Cities and Green Bay region for an undisclosed sum, to be upgraded and re-branded to its NewStyle Salons brand.

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Private equity- owned Dots to seek bankruptcy protection- report

Sources told The Wall Street Journal that private equity-owned discount retailer Dots LLC is readying itself to file for bankruptcy as the company struggles from the competition given by flash sites.

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Men's Wearhouse

Jos. A. Bank Clothiers Inc's board asks stakeholders to refuse $1.6B Men's Wearhouse Inc hostile bid

Shareholders were asked by the Jos. A. Bank Clothier's Inc board to refuse a hostile bid amounting to $1.61 billion from Men's Wearhouse, Reuters reported.

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Neiman Marcus

Neiman Marcus Department store chain given two weeks to answer to data breach

Dallas-based Neiman Marcus Group Ltd was given two weeks by Florida Attorney General Pam Bondi to answer questions about the cyber breach that happened during the holiday rush, Bloomberg reported.

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Rhode Island's Teespring raises $20M to sell custom T-shirts

Rhode Island, US-based startup Teespring has raised $20 million in its first round of funding led by Andreessen Horowitz to sell custom and pre-ordered T-shirts for a cause.

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Brookstone Co engages services of Jefferies Group, K&L Gates for debt restructuring- sources

To help it restructure its debt, retailer Brookstone Co has hired a financial adviser Jefferies Group and law firm K&L Gates, according to sources interviewed by Bloomberg.

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Aeropostale Inc

US apparel retailer Aeropostale approaches private equity firms to explore exit -Bloomberg

New York, US-based clothes retailer Aeropostale Inc contacted private equity groups amid pressure from investors to sell itself, according to sources cited in a Bloomberg report.

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Cherokee Inc

US clothing firm Cherokee acquires Tony Hawk brand for $19M

Van Nuys, California-based apparel brand licensing firm Cherokee Inc acquired the Huntington Beach-based clothing brand of legendary skateboarder Tony Hawk in a deal valued at $19 million in cash.

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Groupon Inc

Groupon grabs New York flash fashion site Ideeli in $43M cash deal

Chicago-based daily deals firm Groupon purchased New York-based flash fashion site Ideeli in a deal valued at $43 million in cash in a bid to compete with Amazon and other retail businesses.

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UK retailer Sports Direct acquires 4.6pct stake in Debenhams

Sports Direct, the biggest sporting goods seller in the UK, picked up a 4.6% stake in London-based multinational retail chain Debenhams for an undisclosed sum.

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Neiman Marcus

Neiman Marcus Group says some customers' credit card data may have been stolen

Private equity-owned luxury retailer Neiman Marcus Group Inc said a cyber breach in the middle of December may have compromised some of its customer cards, Bloomberg reported.

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